FINRA Files Amended Communications Rules – Impact on Broker-Dealers
The Securities and Exchange Commission recently published for comment FINRA’s proposal to revise its rules governing member firm communications with customers and the public. The SEC has requested comments on the proposed rules by August 24, 2011.
The proposed rules will not become effective until approved by the SEC. Once approved, FINRA will announce the implementation date of the proposed rule change, which will be no later than 365 days following the SEC’s approval. We will monitor the SEC’s and FINRA’s actions and issue a memorandum once the final rules have been adopted.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
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